Charting is NOT about making predictions. Charts do NOT predict prices
Those who insist the opposite should not be trusted
The more a Twitternerd posts charts with lines showing the path they claim a market will travel, the more they will be wrong
There, I said it
Hannibal ad portas.
So it turns out #BTC is not a hedge against inflation, not a hedge ag. oil squeezes, not a hedge ag. stocks. And, of course, Bitcoin is not a hedge against geopolitical events --actually the exact opposite.
A perfect sucker game during low interest rates.
It's been one of those SUDDENLY days in #Bitcoin.
Bitfinex hack recovery
Russia legal currency
Turkey gold conversion "encouraged"
and now BlackRock turns on Bitcoin trading
Unbelievable 24 hours!
Just as the Laser Eyes marked the April top and widespread talk of $100,000 marked the Nov top, so bulls throwing in the towel and predicting $20,000 marked the Jan bottom $BTC
AI systems are solving math olympiad problems, becoming competitive with humans in programming competitions, speeding up science via improved protein structure predictions, writing poems and fiction that people enjoy, and revolutionizing our ability to monitor a changing climate
I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated
When bulls wear laser eyes -- time to SELL
When bulls become bears -- time to BUY????
Well, we finally have a teeny-weeny bit of higher volume capitulation selling $BTC (don't you just love the saying, "teeny-weeny?") It just rolls off the tongue
@zhusu In the old days they said: “Great deceit is like loyalty. Great lies inspire confidence. "
Although trust and lies are completely different things, it also happens that on the outside we see justice and trust, but inside there is treachery and lies.
This is my current plan, it's subject to change though
Any big down day >15% is a buy here IMO, momentum above resistance is also a buy
Support is also a buy
Just gotta pick whatever you like best
The largest bubble for Web 3.0 is still not behind us and will likely happen in the next few years.
Here are my thoughts on:
-The rise of Web 2.0 vs Web 3.0
-How early 2022 plays out and beyond
History doesn't repeat, but it certainly rhymes 👇.